DOCSLIB.ORG

Exhibit 1 Exhibit 1

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Exhibit 1 Exhibit 1 Exhibit 1 Exhibit 1 The World – Coos Bay http://theworldlink.com/news/local/govt-and-politics/jordan-cove-parent-company-looks-at- financing-ownership-options-expansion/article_5fe9f9ec-b521-11e3-9421-001a4bcf887a.html MONEY STARTS FLOWING Jordan Cove parent company looks at financing, ownership options, expansion March 28, 2014 1:00 pm • By Chelsea Davis, The World COOS BAY — Now that the Jordan Cove Energy Project has federal approval to export liquefied natural gas to non-Free Trade Agreement countries, parent company Veresen Inc. is making moves financially. Don Althoff, Veresen’s president and CEO, spoke with confidence during a conference call following the U.S. Department of Energy’s Monday announcement. ―I don’t think this is going to be a problem to finance,‖ he said of the $7.7 billion project (approximately $1.1 billion of which is project financing, owner’s cost and interest incurred during the four-year construction period). Before Veresen can make a ―final investment decision‖ in early 2015, it needs an Engineering, Procurement and Construction contract, all off-take contracts ―signed with credit-worthy counterparties,‖ and Federal Energy Regulatory Commission approval. Veresen looks for potential owners, partners Althoff wants Jordan Cove to be ―completely sold out‖ by October or November. That means Veresen is analyzing "optimal ownership" and possibly bringing in partners. ―What we’re going to decide over the next nine months is how much we want to own of the plant, and then how much more equity do I need to raise?‖ Althoff told The World this week. Today, Veresen owns 100 percent of Jordan Cove, including the proposed marine facility, liquefaction plants, storage tanks, gas treating facilities and South Dunes Power Plant. The LNG facility will run capital costs of $5.3 billion, Veresen estimates. The Pacific Connector Gas Pipeline, which would feed natural gas to Jordan Cove through a 232-mile, 36-inch pipeline from Malin, will incur capital costs of $1.5 billion. Veresen owns half of the pipeline; the other half is owned by Williams Companies, a U.S. natural gas processing and transportation company. ―I think owning 100 percent of it ... there probably aren’t very many options where that makes the most sense for us,‖ Althoff said. Jordan Cove’s potential customers have expressed interest in taking equity positions in the facility. ―Buyers of the natural gas like to invest in these, as well,‖ he said. ―If we do bring partners on, they would pay us for our percentage of the plant we’ll sell them, then we’ll use that equity to fund the rest of our equity, then go to the market and raise it if we still need more.‖ 1 Time to pay the bills Right now, Veresen just needs to pay its bills until Jordan Cove gets the go-ahead or the ax. That's why Veresen announced Tuesday it had entered into an agreement with a syndicate of underwriters who agreed to purchase 15 million shares of Veresen at $16.50 CAD ($14.85 USD) a piece to raise $247.5 million CAD (more than $220 million USD). The underwriters also get an overallotment option to purchase up to an additional 2.25 million shares. That would bring the total closer to $284.6 million CAD ($250 million USD.) The offering will close around April 3. Veresen’s common shares are listed on the Toronto Stock Exchange under the symbol VSN. ―We still have a lot of money to spend to get (Jordan Cove) sanctioned,‖ Althoff said. ―Part of what (the $284.6 million is) used for is to pay bills between now and this time next year when we come in and finance the project.‖ Once those bills are paid, Veresen can raise more equity to pay for the bulk of the project. ―While financing won’t be without its challenges, we will have the benefit of falling on the path paved for us by other recent LNG export developments in the U.S. Gulf Coast,‖ he said. Non-FTA approval a big win for Veresen In Veresen’s 2013 fourth quarter and year-end results report issued earlier this month, officials confirmed they were really gunning for DOE’s non-FTA export approval. Most of Jordan Cove’s potential customers do not have FTAs with the U.S., Althoff said. Singapore and Korea are the only two east Asian countries with FTAs, and their markets are small relative to the overall market, he said. Last fall, Veresen announced it had snagged three non-binding long-term Heads of Agreement with companies in Indonesia, India and an ―eastern Asian country.‖ Japan is the world’s largest LNG consumer, according to Thomson Reuters, but China is right on its heels — ―...it looks like China will be a top LNG importer by 2018-20.‖ Since October, Althoff said Veresen has entered into other HOAs with ―large-scale prospective customers, including various emerging and traditional LNG buyers throughout the Asia-Pacific region.‖ Veresen plans to wrap up binding Liquefaction Tolling Service Agreements and Pipeline Service Agreements by this fall. ―This is a world-scale plant,‖ he said. ―To try to think about selling to just FTA countries limited us too much.‖ 2 Already looking at expansion Jordan Cove’s proposed initial LNG capacity — 6 million metric tons per year — also has its limits, Althoff said. The total amount of LNG capacity requested under Veresen’s various HOAs exceeds that 6 million. If and when Jordan Cove begins construction, Althoff said Veresen will immediately look into expanding the facility’s capacity to 9 million metric tons per year. ―The marina, tankage, gas treating and power plant can all manage 9 tonnes per annum (metric tons per year),‖ he said. ―What’s needed to expand the plant is more pressure on the pipeline and more trains. It does have the ability to expand. ―I think as soon as I can get this thing through FID (final investment decision) we will start to look at expansion projects down there.‖ FERC timeline possibly pushed back That’s only if FERC green lights Jordan Cove. Veresen and Jordan Cove both forecasted a FERC ruling by the end of the year, with construction starting in the first quarter of 2015. But that could be delayed. During a routine conference call between federal agencies last week, officials said Jordan Cove is changing its proposed wetland mitigation sites, meaning all of the land use tables in FERC’s draft Environmental Impact Statement will be affected. In turn, that’s going to delay FERC’s schedule while they analyze the new edits. 3 Exhibit 2 UNITED STATES OF AMERICA DEPARTMENTOF ENERGY Jordan Cove Energy Project, L.P. ) FE Docket No. 12–32–LNG ) Application for Certificate ) Jordan Cove Energy Project, L.P.; ) Application for Long-Term ) Authorization to Export Liquefied ) Natural Gas Produced From Domestic ) and Canadian Natural Gas Resources ) to Non-Free Trade Agreement ) Countries for a 25-Year Period ) ____________________________________) CITIZENS AGAINST LNG, Inc; CITIZENS AGAINST LNG NOTICE OF INTERVENTION, PROTEST AND COMMENTS On June 6, 2012, the Office of Fossil Energy at the Department of Energy posted in the Federal Register a Notice of receipt of an application (Application), filed on March 23, 2012, by Jordan Cove Energy Project, L.P. (Jordan Cove), requesting long-term, multi-contract authorization to export as liquefied natural gas (LNG) both natural gas produced domestically in the United States and natural gas produced in Canada and imported into the United States, in an amount up to the equivalent of 292 billion cubic feet (Bcf) of natural gas per year, 0.8 Bcf per day (Bcf/d), over a 25-year period, commencing on the earlier of the date of first export or seven years from the date the requested authorization is granted. The LNG would be exported from the proposed LNG terminal to be located on the North Spit of Coos Bay in Coos County, Oregon, to any country (1) with which the United States does not have a free trade agreement (FTA) requiring national treatment for trade in natural gas, (2) which has developed or in the future develops the capacity to import LNG via ocean-going carrier, and (3) with which trade is not prohibited by U.S. law or policy. Jordan Cove is requesting this authorization to export LNG both on its own behalf and as agent for other parties who hold title to the LNG at the point of export. The Application was filed under section 3 of the Natural Gas Act (NGA). Citizens Against LNG is a grassroots organization of citizens that formed during the Federal Energy Regulatory Commission Prefiling phase of the Jordan Cove Energy Project, L.P. and the Pacific Connector Gas Pipeline, L.P., LNG Import project. We represent over 4,000 citizens in Southern Oregon who live, work, have businesses, recreate and socialize in areas that would be negatively impacted by the Jordan Cove LNG terminal, storage tanks, liquefaction facility and the Pacific Connector Gas Pipeline. Citizens Against LNG, and the citizens who support our cause, declare that a liquefied natural gas (LNG) export terminal, storage tanks and liquefaction facility is not a well conceived or appropriate industry for the Southern Oregon Coast and that LNG represents an unacceptable risk to the people of the State of Oregon. For the safety, security, and well being of the citizens of our communities, the Citizens Against LNG ask the U. S. Department of Energy to immediately take action to stop the Jordan Cove LNG Export terminal, storage tanks and liquefaction facility proposed for the North Spit of Coos Bay and the 230 mile, 36 inch Pacific Connector natural gas pipeline to the California border.
Load more

Recommended publications
  • Natural Gas (Sweet) SAFETY DATA SHEET Date of Preparation: October 5, 2015 Section 1: IDENTIFICATION Product Name: Natural Gas (Sweet) Synonyms: Not Available
    Natural Gas (Sweet) SAFETY DATA SHEET Date of Preparation: October 5, 2015 Section 1: IDENTIFICATION Product Name: Natural Gas (Sweet) Synonyms: Not available. Product Use: Process stream, sales gas. Restrictions on Use: Not available. Manufacturer/Supplier: Veresen Midstream Suite 900, Livingston Place 222 - 3rd Avenue S.W. Calgary, Alberta T2P 0B4 Phone Number: 403-296-0140 Emergency Phone: 1-855-577-4555 Date of Preparation of SDS: October 5, 2015 Section 2: HAZARD(S) IDENTIFICATION GHS INFORMATION Classification: Flammable Gases, Category 1 Gases Under Pressure - Compressed Gas Toxic to Reproduction, Category 2 Simple Asphyxiant, Category 1 LABEL ELEMENTS Hazard Pictogram(s): Signal Word: Danger Hazard Extremely flammable gas. Statements: Contains gas under pressure; may explode if heated. Suspected of damaging fertility or the unborn child. May displace oxygen and cause rapid suffocation. Precautionary Statements Prevention: Obtain special instructions before use. Do not handle until all safety precautions have been read and understood. Keep away from heat, hot surfaces, sparks, open flames and other ignition sources. No smoking. Wear protective gloves, protective clothing and eye protection. Response: If exposed or concerned: Get medical advice/attention. Leaking gas fire: Do not extinguish, unless leak can be stopped safely. In case of leakage, eliminate all ignition sources. Storage: Store in a well-ventilated place. Store locked up. Protect from sunlight. Page 1 of 10 Deerfoot Consulting Inc. Natural Gas (Sweet) SAFETY DATA SHEET Date of Preparation: October 5, 2015 Disposal: Dispose of contents/container in accordance with applicable regional, national and local laws and regulations. Hazards Not Otherwise Classified: Not applicable. Ingredients with Unknown Toxicity: None.
    [Show full text]
  • CALGARY, ALBERTA October 6, 2015 – Veresen Inc
    FOR IMMEDIATE RELEASE Veresen Announces Approval of the $860 Million Sunrise Gas Plant CALGARY, ALBERTA October 6, 2015 – Veresen Inc. (“Veresen” or the “Company”) (TSX: VSN) is pleased to announce that the Cutbank Ridge Partnership (“CRP”), a partnership between Encana Corporation (“Encana”) and Cutbank Dawson Gas Resources Ltd., a subsidiary of Mitsubishi Corporation, has sanctioned the 400 million cubic feet per day (“mmcf/d”) Sunrise gas plant, to be located in the Montney region near Dawson Creek in northeastern British Columbia. In late 2014, Veresen Midstream Limited Partnership (“Veresen Midstream”), owned 50% by Veresen and 50% by affiliates of Kohlberg Kravis Roberts & Co. L.P. (“KKR”), entered into a fee-for-service arrangement with Encana and CRP to undertake up to $5 billion of new midstream expansion for those parties in the Montney region, with the Sunrise gas plant being the first newly sanctioned project under the agreement. The estimated capital cost for the project (plant and ancillary facilities) is $860 million. Veresen Midstream will fund approximately 60% of the Sunrise gas plant’s construction costs with its existing $1.275 billion credit facility, which is largely undrawn, with the balance to be contributed over time by Veresen and KKR. Veresen intends to fund its share of future contributions to Veresen Midstream with ongoing proceeds received from equity issued in connection with Veresen’s Premium DividendTM and Dividend Reinvestment Plan. Encana will oversee the project management and construction of the facility on behalf of Veresen Midstream. Construction of the Sunrise gas plant has commenced, with the facility expected to be in-service in late 2017.
    [Show full text]
  • Aging Symposium from Chromosomes to Communities: Integrating Aging Research
    AGING SYMPOSIUM FROM CHROMOSOMES TO COMMUNITIES: INTEGRATING AGING RESEARCH October 9-10, 2019 UAB Alumni House Alzheimer’s Disease Center l Comprehensive Center for Healthy Aging l Evelyn F. McKnight Brain Institute l Nathan Shock Center Welcome to the UAB Aging Symposium, From Chromosomes to Communities: Integrating Aging Research! We are excited that you are here. Our hope is that this year’s symposium offers fresh and exciting ideas, and an opportunity to develop new collaborations to integrate all the different disciplines for the advancing of aging research. Steven Austad, PhD Cynthia J. Brown, MD, MSPH, AGSF Distinguished Professor & Chair Professor of Medicine and Director, Director, UAB Nathan Shock Center of Division of Gerontology, Geriatrics, and Palliative Care Excellence in the Basic Biology of Aging Comprehensive Center for Healthy Aging UAB Department of Biology UAB Department of Medicine Ronald M. Lazar, PhD, FAHA, FAAN Erik Roberson, MD, PhD Evelyn F. McKnight Endowed Chair Patsy W. and Charles A. Collat Professor of Neuroscience Professor of Neurology Director, Alzheimer’s Disease Center Director, Evelyn F. McKnight Brain Institute at UAB Director, Center for Neurodegeneration and Experimental Director, Division of Neuropsychology Therapeutics Associate Director, Evelyn F. McKnight Brain Institute UAB Departments of Neurology and Neurobiology AGENDA October 9, 2019 7:30 – 8:00 AM REGISTRATION and CONTINENTAL BREAKFAST 8:00 – 8:10 AM WELCOME and PLENARY SPEAKER INTRODUCTION Christopher Brown, PhD 8:10 – 9:00 AM PLENARY TALK Richard Hodes, MD From Bench to Bedside: Exploring the Research Continuum at NIA Session I: Disparities 9:00 – 9:05 AM Session Chair: Cynthia J.
    [Show full text]
  • Deerfoot Consulting Inc. Natural Gas (Sour)
    Natural Gas (Sour) SAFETY DATA SHEET Date of Preparation: October 5, 2015 Section 1: IDENTIFICATION Product Name: Natural Gas (Sour) Synonyms: Not available. Product Use: Process stream, sales gas. Restrictions on Use: Not available. Manufacturer/Supplier: Veresen Midstream Suite 900, Livingston Place 222 - 3rd Avenue S.W. Calgary, Alberta T2P 0B4 Phone Number: 403-296-0140 Emergency Phone: 1-855-577-4555 Date of Preparation of SDS: October 5, 2015 Section 2: HAZARD(S) IDENTIFICATION GHS INFORMATION Classification: Flammable Gases, Category 1 Gases Under Pressure - Compressed Gas Acute Toxicity - Inhalation, Category 2 Eye Irritation, Category 2A Toxic to Reproduction, Category 2 LABEL ELEMENTS Hazard Pictogram(s): Signal Word: Danger Hazard Extremely flammable gas. Statements: Contains gas under pressure; may explode if heated. Fatal if inhaled. Causes serious eye irritation. Suspected of damaging fertility or the unborn child. Precautionary Statements Prevention: Obtain special instructions before use. Do not handle until all safety precautions have been read and understood. Keep away from heat, hot surfaces, sparks, open flames and other ignition sources. No smoking. Do not breathe gas. Wash thoroughly after handling. Use only outdoors or in a well-ventilated area. Wear protective gloves, protective clothing and eye protection. Wear respiratory protection. Page 1 of 11 Deerfoot Consulting Inc. Natural Gas (Sour) SAFETY DATA SHEET Date of Preparation: October 5, 2015 Response: IF INHALED: Remove person to fresh air and keep comfortable for breathing. IF IN EYES: Rinse cautiously with water for several minutes. Remove contact lenses, if present and easy to do. Continue rinsing. Immediately call a POISON CENTER or doctor.
    [Show full text]
  • Komisaruk Family
    Komisaruk family Updated by Chaim Freedman 18/02/2020, to replace the material in his book “Eliyahu’s Branches, the Descendants of the Vilna Gaon and His Family”, Avotaynu 1997. Dov Ber (Berel) Komisaruk, born 1776 in Girtegola, Lithuania,1 (son of David Komisaruk [1747 - ] and Khana ?), died 1843 in Rassein, Lithuania.2 Oral tradition held that Berel came from a prominent family of scholars and communal leaders in Kovno. Lithuanian records prove that the family came from the city Rassein which was located in Kovno Gubernia (province).When the Jews were compelled to adopt a surname in 1804 Berel and his brothers or their father registered their surname as "Komisaruk". Later generations used various forms of this name: Komisaruk, Komesaroff, Komisar, Comisaroff, Comisarow. A full explanation of the reason for these variations and the historic basis for the family's activities in Rassein can be found in "Our Fathers' Harvest" (Chaim Freedman, Israel 1982, supplement 1990.) Berel Komisaruk and his family appear to have held a license to farm taxes which the local Jewish community was obliged to pay to the Russian government. In their case the particular tax was that due to the supply corp of the army, the Komisariat. This was probably the origin of this surname. Tradition claims some relationship with the famous Soloveitchik family of Kovno. Other than their common Levitic descent, this has not been established. The Soloveitchik family was amongst the founders of the Kovno community in the early 18th century. The 1816 Revision List for Rassein city includes two family groups with heads of family Leib, son of David Komisaruk and Velvel, son of David Komisaruk.
    [Show full text]
  • The Mig Report April 2014
    The MiG Report April 2014 Going Public* Count: 80 (TSXV:42 TSX:38) BY THE NUMBERS (*Includes New Listings, IPOs, CPC IPOs, QTs, RTOs, Graduates and Other) $18.7 billion Equity Capital Raised 51 Companies+4 CPCs+22 ETFs+3 Structured Products listed on TSX Venture Exchange (42) and TSX (38) YTD April 2014 on TSXV and TSX YTD April 2014 6 New International Listings YTD April 2014 $3.0 million TSXV: Average financing size on TSXV Australia: West African Resources Limited, Mining, Australia USA: OneRoof Energy Group, Inc., Clean Technology & Renewable Energy, San Diego, CA $80.4 million TSX: Average financing size on TSX Africa: Atlatsa Resources Corporation, Mining, South Africa Australia: Champion Iron Limited, Mining, Australia UK/Europe: Endo International plc, Life Sciences, Ireland USA: Northern Power Systems Corp., Clean Technology & Renewable Energy, Barre, VT Equity Capital Raised by Sector TSX | TSXV Mining, $4.4B Utilities & Pipelines, $3.6B Check out our Daily Trading Reports Oil & Gas, $3.4B http://www.tmx.com/en/trading/reports/ Financial Services, $2.6B Each morning, a daily report is available that summarizes the previous day’s trading activity on TSXV and TSX. Diversified Industries, $1.7B ETFs & Structured Products, $1.1B Check out our Listing Statistics Website Clean Technology & Renewable Energy, $663M http://www.tmx.com/mig Life Sciences, $636M Follow us on Twitter: Technology, $310M http://twitter.com/tmxgroup Real Estate, $272M Register here to receive the monthly MiG Report in your inbox http://tmx.com/en/mig/register.html Contact: This information is provided for information purposes only. Neither TMX Group Limited nor any of its affiliated companies guarantees the accuracy or completeness of Gina Pappano, Head, Market Intelligence / 416‐947‐4272 / [email protected] the information contained in this document and we are not responsible for any errors or omissions in your use of, or reliance on, the information provided.
    [Show full text]
  • December 2018 Eye on Education - December 2018
    EYE on EDUCATION December 2018 Eye on Education - December 2018 - https://eye.opted.org Table Of Contents A Message from ASCO President, Dr. David Damari ............................................ 3 Optometry’s Future Focus of Fall Board Meeting .............................................. 4 National Board Pass Rate Data Available on ASCO’s Website ..................................... 6 Invite to Apply for Associate Editor, Optometric Education ....................................... 7 Student Award in Clinical Ethics .......................................................... 8 ORMatch is Now Open ................................................................. 9 Now Available: 2018 Clinic Updates on Myopia, Low Vision Technology, Traumatic Brain Injury, and OCT-A Imaging .......................................................................... 10 Get Involved in the ASCO’s Inspiring Future ODs Program ..................................... 11 Health Professions Week Educates Thousands about the Field of Optometry .......................... 12 News to Pass Along .................................................................. 13 News to Pass Along .................................................................. 14 News to Pass Along .................................................................. 15 Inaugural Ask the Experts Event Held ..................................................... 16 Applicant, Entering Class, Post-Graduate Data Available Online .................................. 18 Alcon ...........................................................................
    [Show full text]
  • Pembina Pipeline Corporation
    Pembina Pipeline Corporation 2018 INTERIM REPORT Q1 BuildingBuilding SomethingSomething ExtraordinaryExtraordinary WorldReginfo - b7dd2347-7209-46af-896a-a1709618d61f Management’s Discussion & Analysis WorldReginfo - b7dd2347-7209-46af-896a-a1709618d61f Pembina Pipeline Corporation MANAGEMENT'S DISCUSSION AND ANALYSIS The following Management's Discussion and Analysis ("MD&A") of the financial and operating results of Pembina Pipeline Corporation ("Pembina" or the "Company") is dated May 3, 2018 and is supplementary to, and should be read in conjunction with, Pembina's condensed consolidated unaudited financial statements for the period ended March 31, 2018 ("Interim Financial Statements") as well as Pembina's consolidated audited annual financial statements (the "Consolidated Financial Statements") and MD&A for the year ending December 31, 2017. All dollar amounts contained in this MD&A are expressed in Canadian dollars unless otherwise noted. Management is responsible for preparing the MD&A. This MD&A has been approved by Pembina's Board of Directors. This MD&A contains forward-looking statements (see "Forward-Looking Statements & Information") and refers to financial measures that are not defined by Generally Accepted Accounting Principles ("GAAP"). For more information about the measures which are not defined by GAAP, see "Non-GAAP Measures". Readers should refer to page 29 for a list of abbreviations that may be used in this MD&A. About Pembina Calgary-based Pembina Pipeline Corporation is a leading transportation and midstream service provider that has been serving North America's energy industry for over 60 years. Pembina owns an integrated system of pipelines that transport various hydrocarbon liquids and natural gas products produced primarily in western Canada.
    [Show full text]
  • The Mig Report October 2014
    The MiG Report October 2014 Going Public* Count: 204 (TSXV:100 TSX:104) BY THE NUMBERS (*Includes New Listings, IPOs, CPC IPOs, QTs, RTOs, Graduates and Other) $51.8 billion Equity Capital Raised 116 Companies+16 CPCs+56 ETFs+16 Structured Products listed on TSX Venture Exchange (100) and TSX (104) YTD October 2014 on TSXV and TSX YTD October 2014 11 New International Listings YTD October 2014 $3.3 million TSXV: Average financing size on TSXV Australia: West African Resources Limited, Mining, Australia USA: OneRoof Energy Group, Inc., Clean Technology & Renewable Energy, San Diego, CA $85.4 million UGE International Ltd., Clean Technology & Renewable Energy, New York, NY Average financing size on TSX Graphene 3D Lab Inc., Technology, Calverton, NY Asia: New Era Minerals Inc., Mining, Hong Kong Other: Petro‐Victory Energy Corp., OIl & Gas, British Virgin Islands TSX: Africa: Atlatsa Resources Corporation, Mining, South Africa Australia: Champion Iron Limited, Mining, Australia Heron Resources Limited, Mining, Australia UK/Europe: Endo International plc, Life Sciences, Ireland Check out our Daily Trading Reports USA: Northern Power Systems Corp., Clean Technology & Renewable Energy, Barre, VT http://www.tmx.com/en/trading/reports/ Each morning, a daily report is available that summarizes Equity Capital Raised by Sector the previous day’s trading activity on TSXV and TSX. TSX | TSXV Financial Services, $10.8B YTD October 2014 Oil & Gas, $9.4B Check out our Listing Statistics Website http://www.tmx.com/mig Utilities & Pipelines, $7.9B Mining,
    [Show full text]
  • Project Description
    Appendix A Project Description I. Project Summary 1. The proposed Jordan Cove LNG export terminal (“ Jordan Cove ”) is a facility designed to produce and export liquefied natural gas (“ LNG ”). Jordan Cove will be located on the west coast of the United States (“ U.S. ”), within Oregon’s International Port of Coos Bay, adjacent to the communities of North Bend and Coos Bay, Oregon. Jordan Cove is owned by Jordan Cove Energy Project L.P. (“ JCEP ”), a subsidiary of Jordan Cove LNG L.P. (the “ Applicant ”), both owned by Veresen Inc. (“ Veresen ”). 2. Jordan Cove will have an initial capacity of 6 MMt/y from four trains (“ Phase 1 ”), with each train producing 1.5 MMt/y. To produce this amount of LNG, Jordan Cove will require a supply of natural gas of 1.03 Bcf/d, with approximately 918 MMcf/d being delivered to the inlet of the Jordan Cove liquefaction plant. The difference is required for pipeline fuel and losses and for power generation. In response to market demand, Jordan Cove may be expanded to produce up to 9 MMt/y, through the construction of two additional 1.5 MMt/y trains (for a total of six trains) (“ Phase 2 ”). In aggregate, the expanded facility will require a natural gas supply of 1.55 Bcf/d with approximately 1.38 Bcf/d being delivered at the Jordan Cove inlet, and the difference being used for pipeline fuel and losses and for power generation. 3. The proposed location of Jordan Cove has benefits for Canada, Western Canada’s natural gas producers, and Alberta’s petrochemical industry.
    [Show full text]
  • Prospectus Supplement
    No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. This prospectus supplement, together with the short form base shelf prospectus dated August 22, 2011 (the "Prospectus") to which it relates, as amended or supplemented, and each document incorporated or deemed to be incorporated by reference in the Prospectus constitutes a public offering of these securities only in those jurisdictions where they may lawfully be offered for sale and therein only by persons permitted to sell such securities. These securities have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and, except as described under "Plan of Distribution", may not be offered or sold in the United States (as such term is defined in Regulation S under the U.S. Securities Act). This prospectus supplement, together with the Prospectus, does not constitute an offer to sell or a solicitation of an offer to buy any of the securities within the United States. See "Plan of Distribution". Information has been incorporated by reference in this prospectus supplement from documents filed with securities commissions or similar authorities in Canada. Copies of the documents incorporated herein by reference may be obtained on request without charge from the Senior Vice President, General Counsel and Secretary of Veresen Inc. at Suite 900, 222 – 3rd Avenue S.W., Calgary, Alberta, Canada, T2P 0B4, telephone (403) 296-0140, and are also available electronically at www.sedar.com. PROSPECTUS SUPPLEMENT To a Short Form Base Shelf Prospectus Dated August 22, 2011 New Issue February 7, 2012 VERESEN INC.
    [Show full text]
  • Transforming Producer Owned Facilities to Midstream Operations
    Transforming Producer Owned Facilities to Midstream Operations Chris Rousch, Vice President, Midstream October 23 2013 Disclaimer Certain information contained in this presentation constitutes forward-looking information under applicable Canadian securities law. All information, other than statement of historical fact, which addresses activities, events or developments that we expect or anticipate may or will occur in the future, is forward-looking information. Forward-looking information typically contains statements with words such as “may”, “estimate”, “believe”, “expect”, “plan”, “intend”, “target”, “project”, and/or “forecast” or similar words suggesting future outcomes or outlooks. Forward-looking statements in this presentation include, but are not limited to, the development of the Hythe and Steeprock processing complex and with commodity supply and demand volume forecast information from NEB and CAPP. The risks and uncertainties that may affect the operations, performance, development and results of our businesses include, but are not limited to, the following factors: our ability to successfully implement our strategic initiatives and achieve expected benefits; levels of oil and gas exploration and development activity; the status, credit risk and continued existence of producers interested in infrastructure projects; the ability and price of capital; the availability and price of energy commodities; the available of construction services materials; fluctuations in foreign exchange and interest rates; our ability to obtain any
    [Show full text]